The Federal Deposit Insurance Corp. proposed a rule Tuesday that would allow banks to remove FDIC insurance labels except on initial webpages and no longer require alerts warning customers that non-deposit products are not insured.

Matt Mullet, the company's longtime chief financial officer, said he's spent the past year getting accustomed to the people side of management.

Both banks are preparing rollouts of Casca's software and participated in the firm's $29 million funding round.

The digital bank is working with blockchain technology provider Lightspark to use Bitcoin networks to power its upcoming cross-border payments launch.

The pandemic-era program yielded over $60 billion in fraudulent payments, with prosecutions expected for another five years.

Srini Nallasivan, who was born in India, claims in a lawsuit that the Minneapolis-based bank harassed and fired him in order to replace him with a white executive. U.S. Bank denies the accusations.